Toy Orders, Parka Sales Illustrate Why Canada’s Economy Is Stalling
- Retail CEO says it’s a case of ‘relentless uncertainty’
- Shoppers shun non-essential goods as confidence declines
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Canadian companies are painting a stark picture of a consumer who’s pulling back on spending, as rising debt payments and inflation force households to change their behavior.
From big-box retailers to toy marketers to coat manufacturers, recent corporate earnings results and executives’ comments underscore how quickly the economic temperature is changing after two years of robust growth.